Uruguay’s Ministry of Economy and Finance sets minimum non-taxable amount of Net Wealth Tax

Local contact

EY Global

4 Jan 2023
Subject Tax Alert
Categories Corporate Tax
Jurisdictions Uruguay

On 27 December 2022, Uruguay’s Ministry of Economy and Finance issued Decree No.421/022 adjusting the Net Wealth Tax minimum non-taxable amount applicable to individuals for the fiscal year 2022.

According to the decree, the non-taxable amount for individual taxpayers and undivided successions, is set at UYU5,831,000 (equivalent to approximately US$145,800). For family units, the non-taxable minimum is double (approximately US$291,600).

The Decree has not been published in the Official Gazette yet; it can be accessed here (pdf).


For additional information with respect to this Alert, please contact the following:

EY Uruguay, Montevideo
  • Martha Roca
  • María Inés Eibe
  • Piero de los Santos
  • Lucia Giagnacovo
Ernst & Young LLP (United States), Latin American Business Center, New York
  • Lucas Moreno
  • Ana Mingramm
  • Pablo Wejcman
  • Enrique Perez Grovas
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
  • Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
  • Raul Moreno, Tokyo
  • Luis Coronado, Singapore

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.